CLEAR Secure (NYSE:YOU) Rating Lowered to Hold at Zacks Research

CLEAR Secure (NYSE:YOU) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Several other research firms also recently commented on YOU. Wall Street Zen downgraded shares of CLEAR Secure from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Weiss Ratings downgraded shares of CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 3rd. JPMorgan Chase & Co. upgraded shares of CLEAR Secure from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $35.00 to $42.00 in a research report on Friday, December 12th. Telsey Advisory Group reiterated an “outperform” rating and issued a $45.00 price target on shares of CLEAR Secure in a research report on Wednesday, December 17th. Finally, Wells Fargo & Company boosted their price target on CLEAR Secure from $25.00 to $29.00 and gave the company an “underweight” rating in a research note on Friday, November 7th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $40.86.

CLEAR Secure Price Performance

YOU opened at $32.64 on Tuesday. The business has a fifty day simple moving average of $35.06 and a 200 day simple moving average of $34.32. CLEAR Secure has a 1 year low of $21.67 and a 1 year high of $42.29. The company has a market capitalization of $4.35 billion, a PE ratio of 19.90 and a beta of 1.21.

Insider Buying and Selling

In related news, Director Adam Wiener sold 14,000 shares of CLEAR Secure stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $35.00, for a total value of $490,000.00. Following the transaction, the director directly owned 165,634 shares of the company’s stock, valued at $5,797,190. This trade represents a 7.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Lynn Haaland sold 15,532 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $41.00, for a total value of $636,812.00. Following the sale, the insider owned 15,533 shares of the company’s stock, valued at $636,853. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 37,532 shares of company stock worth $1,446,812 over the last three months. 39.73% of the stock is currently owned by insiders.

Institutional Trading of CLEAR Secure

Several large investors have recently bought and sold shares of YOU. Royal Bank of Canada raised its stake in CLEAR Secure by 59.7% during the first quarter. Royal Bank of Canada now owns 271,498 shares of the company’s stock worth $7,034,000 after acquiring an additional 101,476 shares in the last quarter. Amundi boosted its stake in shares of CLEAR Secure by 62.5% in the 1st quarter. Amundi now owns 3,743 shares of the company’s stock valued at $97,000 after purchasing an additional 1,440 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in shares of CLEAR Secure during the 1st quarter valued at approximately $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in CLEAR Secure by 5.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,755 shares of the company’s stock worth $1,367,000 after purchasing an additional 2,801 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in CLEAR Secure by 64.7% in the 1st quarter. NewEdge Advisors LLC now owns 4,583 shares of the company’s stock valued at $119,000 after purchasing an additional 1,801 shares during the last quarter. 73.80% of the stock is owned by institutional investors and hedge funds.

About CLEAR Secure

CLEAR Secure, Inc operates a biometric identity platform designed to expedite identity verification for air travelers and venue guests. The company’s core offering is the CLEAR membership service, which uses fingerprint and iris scans to confirm a member’s identity and provide access to dedicated security lanes at participating airports. Members link government-issued IDs and personal biometric data via the CLEAR app, enabling faster processing through Transportation Security Administration (TSA) checkpoints and select event entrances.

Founded in 2010 by Caryn Seidman‐Becker and Ken Cornick, CLEAR is headquartered in New York City.